CSX, UTU agree on 5-year contract

CSX, UTU agree on 5-year contract    CSX Transportation Inc. said it has reached a tentative agreement with the United Transportation Union on a five-year combined wage and performance bonus package.
   The agreement covers conductors and yard employees on CSXT predecessor railroads AWP, C&O, L&N, NC&StL and SCL.
   In addition to wage increases, employees will be eligible for bonuses that link a portion of their compensation to company financial performance.
   “This is an important agreement that consolidates five former agreements into a single Southern Region UTU agreement that directly aligns the interests of our more than 4,000 United Transportation Union employees in this area with company goals to meet the expectations of our customers and shareholders,” said Lisa Mancini, senior vice president-human resources.